MediaWorks sale: Revealed – how much Discovery paid for TV arm – New Zealand Herald
MediaWorks CEO Cam Wallace on the future of MediaWorks.Financials released this week show that global entertainment giant Discovery paid millions of dollars for the MediaWorks TV arm.
MediaWorks results for the year ended December 2021 show Discovery paid $20 million cash plus $3.5m in receivables.
This figure came in just above the book value that MediaWorks had assigned to the TV arm in its valuation.
MediaWorks financials showed a $4.8 million loss for the year on the back of $184m in revenue….
